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The Circle: What Do the Russian Government's Plans to Allow Gasoline Exports Mean?
... By the end of January to August 2024, the balance of profits and losses of fuel producers had decreased by 34%. This is partly due to damage to refinery infrastructure from Ukrainian drone attacks and unplanned downtime due to sanctions on equipment supplies for oil refining.
The losses of oil producers are partly compensated by budget subsidies under the so-called "damper mechanism." By the end of the first ten months of 2024, damper payments increased by 36% to 1.544 trillion rubles, and payments ...
OPEC+ vs Trump: Why Oil Prices Aren't Dropping and What Threats Against Russia Have to Do With It
... happening during a still high seasonal global demand for oil, which allows prices to react relatively weakly, argues Gromov from IEF. Furthermore, prices are supported by geopolitical factors: the U.S. signals that additional complications with Russian oil supplies are possible after August 8.
The U.S. is attempting to tighten pressure on a major oil exporter—Iran, which is refusing concrete negotiations with the States, further exacerbating tensions in the oil market. U.S. actions push prices upward,...
How is Open Oil Market changing the approach to buying fuel?
... additional commissions and fees to the transaction cost, which makes the purchase more expensive for the end consumer. By eliminating intermediaries, Open Oil Market offers customers significant savings while maintaining the quality and reliability of supplies.
Ecosystem for business: expanding opportunities
Open Oil Market is developing as a full-fledged ecosystem for companies engaged in fuel procurement. The platform not only provides opportunities for transparent and profitable fuel purchases, but also creates favorable conditions for sustainable business ...
Lithium is not the new oil.
Sergey Tereshkin's column for the INFO-TECH portal.
"Lithium is not the new oil": Why lithium will not replace hydrocarbons? In this article, I analyze the differences between the lithium and oil markets, why lithium is becoming a key resource for battery technologies, but cannot replicate the path of oil in the global economy....
Multi-Sided Platform For Instant Purchases And Sales In Commodity Markets
... effort and resources.
Abstract
The difficult economic situation in the world, active development of renewable energy technologies, geopolitical upheaval, COVID-19 pandemic - all of this, to one degree or another, has an impact on the global market of oil products. Such problems induce market participants to look for ways of creation strong, mutually beneficial relations between sellers and customers of oil products in the long term. One of the possible courses of events is the use of the principles ...